Banks asked only one staple pin on BDT 500, BDT 1000 bundles

12:04 am February 1, 2016| Last Modified: 11:22 am February 1, 2016

Dhaka, Bangladesh (BBN)- The central bank has asked the commercial banks no more than one pin will not be stapled on the bundle of BDT 500 and BDT 1000 note, officials said.
Bangladesh Bank (BB) issued a circular in this connection on Sunday and asked the chief executive officers of all scheduled banks that the stapling pin has to be put within 1-1.5 cm from the middle of the left side of the notes for the sake of their longevity and exclusiveness.
“It’s being observed that the scheduled banks are putting stapling pins on several points on the notes of BDT 500 and BDT 1000 and also putting pins indiscriminately on their packets. As a result, customers are not being able to receive the notes by checking while the longevity of the notes is declining fast,” the BB said in its circular.

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